few business ideas to make money

 

 

#1: Create on online course

E-learning was a $250 billion industry in 2020 and is projected to become a $1 trillion industry by 2027. If you have a computer and something to say that can help people, online courses have low startup costs and high profit margins when you hit the nail on the head.

#2: Start freelancing

Online job marketplaces like Upwork and Fiverr have helped millions of freelancers supplement their income or even make a living working remotely. LinkedIn also recently launched its Services Marketplace, another sign of the dramatic shift in employment opportunities.

Freelance work is also a great compromise if you want to augment your income, but aren’t ready or interested in leaving your 9-to-5 job just yet. Contrary to popular belief, many successful entrepreneurs first tested their idea as a side hustle and validated their value proposition before making the jump.

#3: Get into e-commerce

E-commerce has become a wildly popular industry, and tools like Shopify and Fulfillment By Amazon have made it easier than ever to bring your visionary product to market in weeks or months rather than years. In fact, e-commerce companies are so in demand that venture-funded aggregators like Thrasio and Perch have burst onto the scene with the sole intention of acquiring your product-based business. Creating a product yourself also gives you the opportunity to create a brand identity along the way.

A word of caution here: E-commerce sometimes leans heavily on global supply chains running smoothly, and the last two years have been a logistics nightmare. If you choose this approach, educate yourself on the manufacturing and shipping needs your company will be responsible for.

It takes time to work out the kinks with any physical product, but once you dial your marketing and shipping efforts in, revenue and profit will start to roll in. And when you think about it, the same is true for all of the examples listed above. Put yourself out there and try something new this year; you might find yourself in the CEO seat sooner than you think.